A national survey says the average price of a gallon of regular gasoline has dropped another 9 cents over the last two weeks, to $3.37.» Read More
MELBOURNE, Oct 11- Exxon Mobil Corp expects to make a decision on how to develop the Scarborough gas field, considered one of the toughest projects in Western Australia, around the second half of 2013, its Australian chairman said on Thursday.
By Josephine Mason and Susan Thomas. NEW YORK/ LONDON, Oct 11- The London Metal Exchange may add morning rounds of open-outcry trading for its unique futures contracts, senior trade sources say, as the new Hong Kong- based owners plot their first major move to hold off intense competition from their Shanghai rival.
DANVILLE, Ky., Oct 11- With the Republicans grabbing the momentum in a shifting White House race, Vice President Joe Biden will look to recover some ground and ease Democratic worries on Thursday in a high-stakes debate against Republican challenger Paul Ryan.
The U.S. government said China has subsidized companies that are flooding the U.S. with low-cost panels. Both U.S. and China- based solar companies gained in afternoon trading. However, another big gainer was Canadian Solar Inc., which has operations in both the U.S. and China. Its shares rose 15 cents, or 5.7 percent, to $2.78.
Dean Foods Co. shares fell Thursday after a UBS analyst downgraded his rating on the company's shares, expressing concern about rising dairy prices. THE BIG PICTURE: Dean Foods is one of the nation's largest dairy processors and milk distributors.
By Pedro Nicolaci da Costa. WASHINGTON, Oct 11- U.S. unemployment remains "painfully high" while inflation is not an immediate concern, giving the Federal Reserve plenty of reason to launch a new stimulus last month, a top Fed official said on Thursday.
*Turkey, Syria fighting reinforces worry over Middle East supply. NEW YORK, Oct 11- Oil prices rose on Thursday as tensions between Syria and Turkey escalate and maintenance curbs on North Sea output continue.
WASHINGTON, Oct 11- The number of Americans filing new claims for jobless benefits slid last week to the lowest level in more than four and a half years, according to government data that may provide a boost to President Barack Obama a month before voters go to the polls.
ELLISVILLE, Miss.-- GE Aviation will begin taking applications Nov. 5 for its new Ellisville, Miss., composites factory. The unit of General Electric Co. made the announcement Thursday as Gov. General Electric says it's investing $56 million in the Ellisville plant to meet growing aerospace demand.
MARTINSVILLE, Va.-- Titanium production is under way at RTI International Metals Inc.' s new $135 million plant in Martinsville, Va.. Pittsburgh- based RTI says the plant produced its first certified commercial aerospace titanium product on Thursday.
NEW YORK-- The Financial Industry Regulatory Authority has fined financial services firm Guggenheim Securities LLC $800,000 for failing to supervise two former traders who tried to hide a 2008 trading loss. Guggenheim Securities, Rekeda and Day neither admitted nor denied the charges but consented to FINRA's findings.
The New York attorney general sued JPMorgan Chase over the risky mortgage-backed securities once peddled by Bear Stearns, which JPMorgan now owns. Bank of America and Citi denied wrongdoing but said they were agreeing to settle because they wanted to move on. JPMorgan and Wells Fargo have said they will contest their pending charges.
NEW YORK-- Billionaire investor Carl Icahn is making an unsolicited bid for truck maker Oshkosh Corp. that values the company at almost $3 billion. He says management has taken a passive attitude toward the Wisconsin- based company's future and wants it to be more active. Its shares gained $3.40, or 12.7 percent, to $30.25 in midday trading.
Opana, a powerful opioid painkiller containing oxymorphone, is produced by Endo Pharmaceuticals. The blood disorder, thrombotic thrombocytopenic purpura, resulted in kidney failure requiring dialysis in some cases and at least one death, the Food and Drug Administration said.
NEW YORK, Oct 11- Prices on U.S. 30- year Treasury bonds turned higher midday Thursday, erasing earlier losses ahead of a $13 billion auction of 30- year supply. The timing of the market move was similar to what occurred on Wednesday in advance of a $21 billion 10- year note sale.
NEW YORK-- Oscar winner Octavia Spencer is looking to make some magic in the book world. The actress best known for "The Help" has a deal with Simon& Schuster Books for Young Readers for a pair of detective novels for middle school students.
SIOUX FALLS, S.D.-- The federal Agriculture Department has slightly lowered its corn production forecast for South Dakota. Officials forecast the crop at just under 503 million bushels, down 1 percent from September and down 23 percent from last year.
NEW YORK-- Higher One's stock declined more than 7 percent Thursday as Piper Jaffray cut its rating and price target for the college payment services company, saying its 2012 and 2013 forecasts are at risk due to challenging enrollment trends.
LONDON, Oct 11- Its $45 billion merger plan shot down, BAE Systems must now hunt growth elsewhere if the British arms maker is to find the cash needed to sustain big dividends and avert the possibility of a break-up. CEO Ian King is under pressure to spur the search for new business with a lucrative deal in Saudi Arabia now seen as crucial to bolster the balance sheet.
TOLEDO, Ohio-- The grandson of an Ohio man who founded a hot dog eatery made famous on the TV series "M-A-S-H" was acquitted Thursday of scheming with a company controller to steal nearly $250,000 from the restaurant that sells its hot dog sauce and pickles in food stores nationwide.